AIG - The first 8 years were great but post 2008 bailout was Hell until my business unit was shut down recently. | Glassdoor

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There are newer employer reviews for AIG

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"The first 8 years were great but post 2008 bailout was Hell until my business unit was shut down recently."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Vice President in New York, NY
Former Employee - Vice President in New York, NY
Doesn't Recommend
Approves of CEO

Pros

Huge global reach offering opportunities throughout the financial services sector. Instant brand recognition throughout the world. World leader in insurance offerings.

Cons

2008 bailout effectively destroyed brand reputation. Sale of key business units to repay the government shrunk the company and eliminated some of its critical competitive advantages. Internal atmosphere still is negative and financial decision-making controlled by the Fed/Govt. Future outlook remains uncertain.

Advice to Management

Remove the remaining management that had key responsibilities for the AIG crisis.

Other Employee Reviews for AIG

  1. "Very solid per 2008. Disorganized and rudderless since."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    You can easily succeed by just being above average. If you like being pigeon holed for you entire career it's great. Also if you have no ambition this is the place.

    Cons

    Blatant favoritism, No stock. Bad review process. No salarie increases. Poor benefit packages.

    Advice to Management

    Say what you mean and mean what you say.


  2. Helpful (1)

    "Could be a good place to work if can keep up with the ever changing processes"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Livingston, NJ
    Current Employee - Anonymous Employee in Livingston, NJ
    Doesn't Recommend
    No opinion of CEO

    Pros

    Colleagues are generally nice
    A good place to learn new technology if you are lucky enough to land a nice project

    Cons

    Too many different, and changing, processes
    Management Communication is not the greatest

    Advice to Management

    Focus on the long term benefit when making strategic changes. Cost savings in the short run will always come back to haunt the company.

There are newer employer reviews for AIG
There are newer employer reviews for AIG

See Most Recent

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